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Finance

Finance

Sterling looks past US shutdown news, awaits British data

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The pound was last up 0.08% at $1.3175 and was a whisker firmer against the euro at 87.83 pence to the common currency International News...
Finance

Major brokerages expect BoE to cut rates in December after key policy meeting

Bermuda Broadcasting Newsdesk -
They joined Goldman Sachs, which was the first to revise its forecast for a cut next month after the policy announcement on Thursday International News...
Finance

Dollar heads for modest weekly rise, balancing Fed outlook and US data

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The dollar started a five-day winning streak last week after Federal Reserve Chair Jerome Powell acknowledged the risky nature of making further easing moves International...
Finance

More than half of hedge funds invested in crypto, global survey says

Bermuda Broadcasting Newsdesk -
Fifty-five percent of hedge funds hold some crypto-related assets, up from 47% the year before, with funds allocating on average 7% of their holdings...
Finance

Sterling edges up ahead of BoE, Nok rises as Norges Bank holds rates

Bermuda Broadcasting Newsdesk -
The dollar edged lower as a recovery in appetite for riskier assets pulled the U.S. currency off its recent peaks International News via Reuters: Sterling nudged...
Finance

UK stocks swept up in global selloff despite pound weakness

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 dipped 0.7% by 1120 GMT, on track for its biggest one-day drop in over two weeks, if losses hold International News...
Finance

Dollar index at three-month high, testing top of recent range

Bermuda Broadcasting Newsdesk -
The Fed lowered interest rates by 25 basis points last week, as expected, but Chair Jerome Powell signalled that may be the central bank's...
Finance

FTSE 100 hits record high on strong forecasts from GSK, Next

Bermuda Broadcasting Newsdesk -
The FTSE 100 was up 0.8% to 9,779.32 points, as of 1205 GMT, also helped by a weaker pound that enhances the revenue for...
Finance

Wall Street set to open higher ahead of Fed meeting, tech earnings

Bermuda Broadcasting Newsdesk -
Wall Street closed at a record high on Tuesday after Nvidia announced it would build seven supercomputers for the U.S. Department of Energy International News...
Finance

Britain’s FCA eases short selling rules for hedge funds

Bermuda Broadcasting Newsdesk -
Under the revised regime, the Financial Conduct Authority will only publish anonymised, aggregate net short positions, based on private notifications from market participants International News...
Finance

British crypto firm KR1 targets London main market listing

Bermuda Broadcasting Newsdesk -
KR1's move comes at a time when decentralised blockchain companies have gained a strong foothold in the global financial system and are of great...
Finance

Euro zone business credit growth slows but household lending rises

Bermuda Broadcasting Newsdesk -
Credit growth to businesses eased to 2.9% in September from 3.0% a month earlier while loan growth to households rose to 2.6% from 2.5% International...
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